Central Bank of Russia extends restrictions on transfers of funds from brokerage accounts held by unfriendly non-residents abroad

MOSCOW. March 19 (Interfax) - The Central Bank of Russia has extended restrictions on foreign fund transfers by non-residents from unfriendly countries from brokerage and trustee accounts for another six months, the regulator said.

The CBR is suspending these transactions from April 1 to October 2026. The restrictions apply to transfers from accounts of both individuals and legal entities held with Russian brokers and trustees. These measures were introduced on April 1, 2022.

The restrictions do not apply to the return of funds from "In" accounts, which non-residents can open for investment in the Russian financial market in accordance with presidential decree No. 436 "On Additional Guarantees of Foreign Investors' Rights."

The regulator notes that the decision was taken to maintain financial stability.